Question

Your younger brother wants to open an account with a bank. Advise him how to go about opening A BANK ACCOUNTS​

Answer 1

To open a bank account you must go to bank .

Meet bank manager and ask him how to open a bank account for yourself .

Then he will tell you to bring aadhaar card xerox , land xerox etc .

You just bring what ever he/she said to you .

Next day submit all that .

Just follow the instructions given by them .

After checking all your documents the bank manager will sign and your bank account will be opened .

On first day itself you must pay somewhat amount into your bank .

Answer 2

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How to open a bank account :-

5 steps to open a bank account :-

1. Decide what kind of account you need

1. Decide what kind of account you needChoose a savings account if you’re looking for a place to save money over a short period of time, but still keep it readily accessible.

Choose a chequing account to keep money that you plan to use for day-to-day spending or to pay bills over the short term

Choose a chequing account to keep money that you plan to use for day-to-day spending or to pay bills over the short term. You’ll earn less interest than with a savings account.

Choose a chequing account to keep money that you plan to use for day-to-day spending or to pay bills over the short term. You’ll earn less interest than with a savings account.2. Look for an account with the services you’ll use most

Choose a chequing account to keep money that you plan to use for day-to-day spending or to pay bills over the short term. You’ll earn less interest than with a savings account.2. Look for an account with the services you’ll use mostIn particular, think about how you’re likely to put money in and take it out:

Choose a chequing account to keep money that you plan to use for day-to-day spending or to pay bills over the short term. You’ll earn less interest than with a savings account.2. Look for an account with the services you’ll use mostIn particular, think about how you’re likely to put money in and take it out:branch – make deposits and withdrawals using a teller or ATM

debit card – buy something or get cash at a store

debit card – buy something or get cash at a storecheques – pay bills

direct debit – pay bills automatically from your account

direct debit – pay bills automatically from your account each month

direct debit – pay bills automatically from your account each monthdirect deposit

direct debit – pay bills automatically from your account each monthdirect deposit – have your pay put into your account

direct debit – pay bills automatically from your account each monthdirect deposit – have your pay put into your accountInternet or telephone banking – for a range of transactions

3. Shop around to compare rates and fees

3. Shop around to compare rates and feesUnderstand the service fees you can be charged before you open an account.

Look for accounts that charge the lowest fees for the services you need.

And compare interest rates.

They will vary across financial institutions.

They will vary across financial institutions.4. Choose a financial institution and location

They will vary across financial institutions.4. Choose a financial institution and locationChoose one that has branches or bank machines located close to where you live or work.

They will vary across financial institutions.4. Choose a financial institution and locationChoose one that has branches or bank machines located close to where you live or work.5. Open your account

They will vary across financial institutions.4. Choose a financial institution and locationChoose one that has branches or bank machines located close to where you live or work.5. Open your accountYou’ll have to give personal information such as your address, date of birth, social insurance number, job title and phone numbers when you complete the account application. You’ll also need to show 2 pieces of acceptable identification.

One of them must be from the government. Then make your first deposit.

One of them must be from the government. Then make your first deposit.KEY POINT

One of them must be from the government. Then make your first deposit.KEY POINTUnderstand the service fees you can be charged before you open an account.